1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeyben [28]
1 year ago
15

martin's has current assets of $600 and total assets of $2,900. the firm has total debt of $1,500 and long-term debt of $1,100.

what is the current ratio? multiple choice question. 1.5 0.4 2.6 0.7
Business
1 answer:
lions [1.4K]1 year ago
3 0

The current ratio is 1.5.

<h3>What is the current ratio?</h3>

Current ratio is a liquidity ratio. Liquidity ratios measure a firm's ability to honour its short terms obligations.

Current ratio is the ratio of current assets to current liabilities. Current assets are assets that would be used up in a year. Current liabilities are debt obligations that would be settled within a year. Current liabilities excludes long-term debt.

The higher the current ratio, the higher the firm's liquidity and its ability to meet short term obligations.

Current ratio = current asset /current liability

= 600 / (1500 - 1100)

= 600 / 400

= 1.5

To learn more about financial ratios, please check: brainly.com/question/26092288

#SPJ1

You might be interested in
Woidtke Manufacturing's stock currently sells for $29 a share. The stock just paid a dividend of $2.60 a share (i.e., D0 = $2.60
3241004551 [841]

Answer: Price after 1 year = $24.83

Explanation:

Return = [D1/P0 ]+ g

= [(3*1.08)/23] + 0.08

= 22.09%

We assume the return is same for next year as well.

Thus,

r = [D2/P1] + g

22.09% = (3*1.082/P1) + 8%

P1 = $24.83

<u>Thus, price after 1 year is $24.83</u>

<u />

6 0
3 years ago
Read 2 more answers
Suppose that in your first year of college you spend $31,300.00 more than you eam. In your second year, your expenses increase a
ryzh [129]

Answer: See explanation

Explanation:

Based on the information provided in the question, the deficit in the 3rd year of college will be: = $32,150

The total debt that one owes in the 3rf year will then be the addition of the debts from the 1st to the 3rd year and this will be:

= $31,300 + $31,900 + $32,150

= $63,232

5 0
3 years ago
Read 2 more answers
Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, wh
Bingel [31]

Answer:

Janine is an accountant who makes $30,000 a year. Robert is a college student who makes$8,000 a year. All other things equal, who is more likely to stand in a long line to get a cheap concert ticket?

Robert; his opportunity cost is lower

Explanation:

Robert has loss of potential gain from the alternative available, his low income will made him to queue in order to get the concert ticket

5 0
3 years ago
Gossip and rumor in an organization are part of the ________, which itself is a type of ________ communication channel. Multiple
MrMuchimi

Gossip and rumor in an organization are part of the <u>Grapevine</u>, a type of <u>Informal</u> communication channel.

This is because a Grapevine is a form of an informal communication channel in a business organization. In this way, the information can be diffused from any level, either from bottom to top or top to bottom.

The information passed is usually in the form of gossip and rumor. It does not have official backing or formal approaches such as through emails of the business firm or signed and stamped letters.

Hence, in this case, it is concluded that the correct answer is Grapevine; and informal.

Learn more here: brainly.com/question/12163131

4 0
3 years ago
isa kang online seller at nais mong makilala ng mga netizen ang ipinag AllImagesNewsVideosMapsMore Settings Toolsbibili mong o s
Hatshy [7]

Answer:

what are you saying??????????????????.

7 0
3 years ago
Other questions:
  • Definition of unemployment insurance fund
    9·1 answer
  • Marigold Corp. reported the following year-end information: beginning work in process inventory, $90000; cost of goods manufactu
    8·1 answer
  • At goodspeak telecommunications, employees receive a cash bonus when they submit names of people who subsequently accept employm
    13·1 answer
  • The gizmo industry has the following characteristics: over 600 producers with no one producer furnishing more than .5% of the in
    13·1 answer
  • Electrical engineers install electrical wiring. True or False?
    14·1 answer
  • The following information applies to the questions displayed below.
    10·1 answer
  • Discussion Questions
    11·1 answer
  • Scott Company had sales of $12,350,000 and related cost of goods sold of $7,500,000. Scott provides customers a refund for any r
    15·1 answer
  • The basic formula for the price elasticity of demand coefficient is.
    9·1 answer
  • For each of the transactions in APA-1, indicate how the operating activities and investing activities sections of the cash flow
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!